# Explain the law of large numbers. how does this law apply to gambling casinos?

Solution

The answer is, " C. As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to the probability of the
outcome. This applies to casinos because they are able to make a profit in the long run because they have a small statistical advantage in each game."

Because the probability become approximately equal to theoretical probability,so the casino makes the profit in the long run.

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